Analyst, Brian Uhlmer, said, "We are reducing estimates yet again to reflect a more competitive contracting environment and higher than previously modeled opex. Due to our reduced estimates, we are lowering our price target to $5.50, down from $6.50, and retaining our Neutral rating. We believe the stock will be range-bound unless there is substantial evidence that US onshore activity will accelerate in UDRL's key basins, specifically Appalachia and Arkoma, which we view as unlikely given the macro fundamentals for natural gas."

FY12 cut from $0.06 to -0.15 and FY13 from $0.15 to -0.30.

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